Mortgage Basics

You will have many options when it comes to choosing a mortgage. Your lender or broker will help you find the mortgage that best matches your needs. Become familiar with the following terms and options to help with your decisions. Amortization period: The length of time you agree to take to pay off your mortgage (usually 25 years).  Payment schedule: How …

How Much Are My Closing Costs Going To Be?

It is always a shame when you hear about someone having a huge financial surprise on the day of closing. On the day you are making the biggest purchase of your life, many forget to calculate all of the other expenses that are to be paid on closing. These expenses will not be rolled into your mortgage, so be sure …